Key Index Plummets 1.7%

Updated April 29, 1998 7:27 a.m. ET

BANGKOK, Thailand -- Stocks fell with the key index falling 1.7% Wednesday as investors sold out ahead of a long weekend amid uncertainty about how long it will take for government measures to ease high interest rates to take effect.

The Stock Exchange of Thailand index lost 7.30, or 1.7%, to 412.25, from Tuesday's close of 419.55. Around 111.8...